[ad_1]
It was a bullish start to the day. Bitcoin rose to a morning intraday high and a new high of $ 16,481.0 before reversing.
Failing to reach the first major resistance level at $ 16,596, Bitcoin slipped to an afternoon intraday low $ 15,974.0.
Avoiding the first major support level at $ 15,725, Bitcoin rallied back to $ 16,300 levels to end the day on a positive note.
The short-term bullish trend remained intact, supported by the latest move up to the $ 16,000 levels. For bears, Bitcoin is expected to slide through the 62% FIB of $ 8,768 to form a short-term bearish trend.
The rest of the pack
For the rest of the majors, Friday was a mixed day.
Bitcoin Cash ABC and Crypto.com Coin fell 0.05% and 2.65% respectively to reverse the trend of the day.
It was a bullish day otherwise, however, with Litecoin up 8.68% leading the way.
Chainlink (+ 3.79%), Ethereum (+ 3.07%), Polkadot (+ 2.91%) and Ripple’s XRP (+ 4.31%) also found strong support.
Binance Coin (+ 1.88%), Bitcoin Cash SV (+ 1.67%) and Cardano’s ADA (+ 1.78%) followed the top finishers.
For the current week, the total market cap of cryptocurrencies has fallen to a low of $ 421.37 billion on Monday before hitting a high of $ 471.06 billion on Friday. At the time of writing, the total market capitalization was $ 465.73 billion.
Bitcoin’s dominance dropped to a low of 64.22% on Tuesday before climbing to a high of 66.00% on Friday. At the time of writing, Bitcoin’s dominance was 64.6%.
